The joint venture set up by Tepco and Chubu Electric Power aims to secure better LNG contracts, but it also reduces their exposure to big changes in Japan’s electricity sector.
The state oil and gas company’s financial pain will restrict gas production growth in Brazil. But a slew of financial, technical and economic issues are also potential hurdles for gas output.
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Japan and Taiwan increased their LNG imports in 2015, but South Korea has seen a substantial decline in demand for the fuel since December.
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